Tuesday, September 9, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Asia: Markets sink on rate worries as US inflation surprises

by Riah Marton
in Technology
Asia: Markets sink on rate worries as US inflation surprises
Share on FacebookShare on Twitter


ASIAN markets sank in line with Wall Street on Friday after a sharper-than-expected jump in US wholesale prices dealt a blow to hopes for interest rate cuts.

The surprisingly large bump in February’s producer price index followed a forecast-beating read on consumer prices earlier in the week and overshadowed separate figures pointing to a slowdown in retail sales.

The reports also came after above-estimate data for January and will likely instill nervousness on trading floors ahead of the Federal Reserve’s next policy decision on March 19-20.

While officials are not expected to move on rates, their post-meeting statement will be pored over for an idea of their thinking, with many — including boss Jerome Powell — having warned they will only cut when confident inflation is under control.

The bank’s dot plot estimates for rates through the rest of the year will also be closely examined, with markets pricing in three cuts — in line with policymakers’ most recent forecasts.

Analysts said the latest figures suggested the personal consumption expenditures (PCE) deflator, the Fed’s preferred gauge of inflation, could come in higher than hoped.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

All three main indexes on Wall Street ended in the red as the recent strong rally faded on rate-cut worries and profit-taking, with a jump in yields denting optimism and sending the dollar higher.

“Equity and bond bulls are staring at their calendars and drawing a ‘big red circle’ around the 20th of this month,” said Jose Torres of Interactive Brokers.

“Folks are concerned Powell may have to pull a dangerous U-turn during his ride on the monetary-policy highway. His dovish messaging since December has driven an intense loosening in financial conditions.”

Hong Kong shed around 1.8 per cent – having enjoyed a strong run-up at the start of the year – while there were also losses in Tokyo, Sydney, Seoul, Singapore, Wellington, Taipei, Manila and Jakarta.

China’s decision not to cut interest rates also weighed on sentiment as authorities refuse to embark on a strong stimulus drive despite the economy struggling to recover and the property sector still in the doldrums.

Bitcoin was in retreat, having hit a fresh record high of US$73,797 on Thursday.

Oil held most of its gains, sitting around its highest levels since November, after the International Energy Agency forecast demand would pick up more than previously expected and reports said US stockpiles had fallen. AFP

Tags: AsiainflationMarketsRatesinkSurprisesWorries
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
BYD takes different route from Tesla by partnering for regional expansion, looking at plug-in hybrids

BYD takes different route from Tesla by partnering for regional expansion, looking at plug-in hybrids

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In